Finish Line Running Behind Foot Locker

Sterne, Agee says Finish Line is losing share to its shoe-retailing peer.

We would be sellers of Finish Line. The company is losing share to Foot Locker, and will not be able to lever same-store sales to material earnings-per-share growth during one of the strongest athletic cycles in memory. There is likely to be duplicative spending on stores, technologies and on executive personnel.